That's One Surefire Way to Boost Spending
Two reports just released, the Deloitte Consumer Spending Index and the Booz & Company consumer spending report, both arrive at the same conclusion… US shoppers keep holding back and putting off big purchases.
If Bernanke has his way, this will change. His master plan of gently stoking inflation is intended, in part, to show consumers — the hard way — that if they don’t rush out and buy what they can today those very same goods will be more expensive tomorrow. Unfortunately, not everyone has the same perks as Mrs. Bernanke.